PANews reported on February 5th that crypto analyst PlanB published an article on the X platform stating that, in his view, there are four potential downside scenarios in this Bitcoin bear market:

1) It has retreated about 80% from its previous all-time high of approximately $126,000, corresponding to a price of approximately $25,000;

2) A pullback to the 200-week moving average or the already realized price range corresponds to approximately $50,000 to $60,000;

3) It fell back to a level slightly above the historical high of the previous cycle, corresponding to around $70,000;

4) The market may have completed a phase of bottoming out around $72,900 yesterday.